The Rural Magazine, and Literary Evening Fire-Side, Vol. 1 No. 05 (1820)Various
Philosophy
The Rural Magazine, and Literary Evening Fire-Side, Vol. 1 No. 05 (1820)
Various
Agriculture; Agriculture -- Periodicals
SECT. 5. _And be it further enacted by the authority aforesaid_,
That this act shall be and continue in force for the term of one
year and no longer.
MORTGAGES.
The Legislature of Pennsylvania, at their late session, passed
the following act relative to Mortgages.
SECT. 1. _Be it enacted by the Senate and House of Representatives
of the commonwealth of Pennsylvania, in general assembly met, and
it is hereby enacted by the authority of the same_, That from and
after the first day of October next, all mortgages, or defeasible
deeds in the nature of mortgages, made or to be made or executed
for any lands, tenements or hereditaments within this commonwealth,
shall have a priority according to the date of recording the same,
without regard to the time of making or executing such deeds. And
it shall be the duty of the recorder to endorse the time upon the
mortgages or defeasible deeds when left for record, and to number
the same according to the time they are left for record, and if
two or more are left upon the same day, they shall have priority
according to the time they are left at the office for record. And
that no mortgage, or defeasible deed in the nature of a mortgage,
shall be a lien until such mortgage or defeasible deed shall have
been recorded, or left for record as aforesaid. _Provided_, That no
mortgage given for the purchase money of the land so mortgaged shall
be affected by the passage of this act, if the same be recorded
within sixty days from the execution thereof.
SECT. 2. _And be it further enacted by the authority aforesaid_,
That the governor be, and he is hereby requested to cause this act
to be published immediately after the passage of the same, in such
newspapers and for such a length of time as he may think most proper
for the information of the citizens of this commonwealth.
Public-domain text, read in full here on John Shaqi.
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